Best Credit Card Deals for January 2013 - CreditDonkey Identifies Best Offers

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With the start of the New Year, savvy consumers look to save money and time by comparing credit card deals on CreditDonkey.com for bonus offers.

CreditDonkey.com has updated its comparison table with the best credit card deals in January 2013 for consumers and small business owners.

Cash Back Deals

Cash back credit card deals usually require consumers to meet a certain spending threshold within a set timeframe, such as $1,000 within 3 months, to qualify for the bonus, which usually comes in the form of credit to their billing statement.

The website includes cautions about these deals. "Pay attention to the interest rates," says Charles Tran, founder of CreditDonkey.com. "If you don't intend on paying in full each month, it's often better to choose the card with a low interest rate.

"Plus, pay attention to annual fees,” Tran adds. “Unless you are a frequent traveler, big spender, or have a poor credit history, there's usually no need to pay high annual fees."

Airline Rewards Deals

Airline credit card deals usually offer bonus miles for a particular airline or statement credit.

As with most deals, airline rewards have caveats. "Remember, it's only worthwhile earning miles if you actually plan to travel," explains Tran. "There's no point accumulating miles if you don't plan to redeem it."

Small Business Deals

Small business owners can also earn generous bonus offers with small business credit card deals.

"Bear in mind the annual fee," warns Tran. "While business credit cards tend to offer more lucrative bonus deals, many also come with annual fees. Only pick a card that fits your small business' needs."

CreditDonkey.com publishes credit card deals, reviews, and tips to help American consumers and entrepreneurs make informed decisions about credit. CreditDonkey.com frequently provides information on the credit issues, news, and trends facing Americans through proprietary market research and analysis.